H.J.Res. 111 (112th): Proposing an amendment to the Constitution of the United States relating to the authority of Congress and the States to regulate contributions and expenditures in political campaigns and to enact public financing systems for such campaigns.

Mr. Schiff introduced
the following joint resolution; which was referred to the
Committee on the
Judiciary

JOINT RESOLUTION

Proposing an amendment to the Constitution
of the United States relating to the authority of Congress and the States to
regulate contributions and expenditures in political campaigns and to enact
public financing systems for such campaigns.

That the following article is
proposed as an amendment to the Constitution of the United States, which shall
be valid to all intents and purposes as part of the Constitution when ratified
by the legislatures of three-fourths of the several States within seven years
after the date of its submission for ratification:

—

Nothing in this Constitution shall be
construed to forbid Congress or the States from imposing content-neutral
limitations on private campaign contributions or independent political campaign
expenditures, or from enacting systems of public campaign financing, including
those designed to restrict the influence of private wealth by offsetting
campaign spending or independent expenditures with increased public
funding.